The US government got downgraded by S&P because, unlike corporations, they don’t pay the ratings agency any fees, Columbia law professor John Coffee told The Daily Show. [More]
By Ben Popken August 12, 2011
Update: Airplane Flies Banner By Wall Street That Says "Thanks For The Downgrade. You Should All Be Fired."
By Ben Popken August 9, 2011
Earlier today, an airplane buzzed Wall Street towing a banner that said, “Thanks For The Downgrade. You Should All Be Fired.” Update: FORTUNE got in touch with the person who flew it. She’s a Midwestern mother and an investment banker. [More]